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Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow: ProductWeedbanGreengrowSelling price per unit$ 8.00$

Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow:

ProductWeedbanGreengrowSelling price per unit$ 8.00$ 39.00Variable expenses per unit$ 3.20$ 14.00Traceable fixed expenses per year$ 136,000$ 36,000

Last year the company produced and sold 38,500 units of Weedban and 23,500 units of Greengrow. Its annual common fixed expenses are $108,000.

Required:

Prepare a contribution format income statement segmented by product lines.

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